This Just Wasn't Ast's Week
FOUNDER SAFI QURESHEY IS perilously close to losing control of $2.5 billion personal-computer maker AST Research. On Sept. 11, the company announced that revenues for the current quarter would be flat or down, and that it would post a net loss "significantly higher" than the $40 million shortfall for the quarter a year ago. Analysts now predict that AST also will report a loss for the fiscal year ending next July. That could trigger a clause in its agreement with Samsung Electronics, which owns a 40% stake, which would give the Korean company management control. AST also announced the resignations of President James Schraith and two other senior executives and launched a search for a seasoned executive to run the company.
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